The world is more open, there is more free trade, free communication, free expression. A lot of good has come out of this: more productivity, more wealth, more awareness of the problems and dangers around us, more awareness of what to do to solve some of these problems.
The flip side is that we have an information overload. There are too much conflicting information presented to us that we no longer have an idea what is relevant or truthful without doing the hard work of investigating each piece. It's similar to moving from a military camp where you don't need to question the truthfulness of everything said to you, to the streets of a big, poor city with many beggars and con artists. Or, from newspaper classified where every advertiser pays, to Craig's List where most do not pay (therefore scam artists have an incentive to practice their craft). The information age is overwhelming many of us. We lose perspective on what are the foundations of our lives vs. what are frivolous and trivial. We waste time battling the barrage of new information bombarding us on a daily basis, and many of us make the mistake of going down the wrong path.
We're forced to develop our own ways to sift through this information, much like developing stereotypes to apply to strangers you meet on the streets of New York City: who is probably a beggar and who might try to rob you. We lose spontaneity and are forced to narrow our focus, which is detrimental to having a more complete perspective on life. Many people become too narrowly focused and weird because they only trust a few other people in their lives.
Still I would say the world is generally improving.